I found this post from Luxist to be pretty informative:

Filed under: Wheels

Gone are the days when kids played with wooden toys, colored in coloring books and played with Barbie and GI Joe. Today, it seems to be all about hi-tech gadgets. From interactive video game systems and kid friendly cell phones to creating your own world online, anything with batteries or an electrical plug is where it’s at. So parents, step up to the challenge and knock your kid’s socks off with their very own car. And no, I’m not talking about a Power Wheel, I’m talking about a car. BMW has graciously brought you the M6 Convertible. It’s available in two different versions - electric ($450) and pedal ($275). Both versions are single seaters, but the electric features an electric horn and speedometer with a top speed of 3 mph, while the pedal version will go as fast as your little tyke can pedal.

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